BEA unit to hold fintech day in October to promote innovation in Hong Kong
- The Beast platform was set up two years ago to help start-ups explore various fintech solutions for the banking and finance sector
Beast, the fintech collaboration platform of Bank of East Asia (BEA), will organise its first fintech day in October, as part of its efforts to develop a technology ecosystem in Hong Kong, according to a senior executive.
The inaugural Beast fintech day will be held during Fintech Week from October 28 to November 1, bringing together start-ups, banking and technology firms and allowing them to exchange views via panel discussions at the BEA Tower in Kwun Tong.
“As we celebrate the second anniversary of Beast, we are thrilled to host our first fintech day to further reinforce our position as a ‘superconnector’ in the fintech ecosystem,” said Stephen Leung, group chief information officer at BEA.
“We aim to foster valuable collaboration and win‐win scenarios for banks, start-ups and customers.”
BEA, Hong Kong’s oldest family-run bank, set up Beast in 2022 to help start-ups explore various fintech solutions for the banking sector. Start-ups working with Beast can get up to HK$300,000 (US$38,462) of grant to develop fintech ideas while also getting to use the co-working office space in BEA Tower for free.
Since inception, Beast has worked with more than 70 companies to develop over 120 fintech concepts, with 30 successfully implemented by BEA and other lenders. The projects were focused on regulation, payment, Web3, cybersecurity and artificial intelligence (AI).
